1970s Oil Crisis Essay

Improved Essays
Although some of these development programs did not directly contribute to fuel saving during the two oil crises, the invaluable technological breakthroughs from radical research projects like this allowed future improvements to be made, and are seen everywhere today equipping the most advanced, efficient aircrafts ever produced. In other words, companies involved in these programs absorbed the innovations from these projects and used them in the next generation of aircrafts. General Electric adopted the carbon fiber composite fan blade and advanced blade airfoil design from the prop-fan, and made the most powerful jet engine to date, the GE-90. Two such engines could power a passenger jet that used to require four, with superior efficiency …show more content…
In fact, this should be considered the most valuable legacy of the crisis. It is no surprise that the crisis had created such profound change in the industry’s attitude towards efficiency. Neither this industry nor society as a whole had seen an actual energy scarcity before the 1970s; consequently, airlines simply had not taken potential price shocks into account. David E. Nye states in his book, Consuming Power, that the 1970s oil crisis was the first time for American society as a whole to realize its energy choice could actually echo. Although passenger volume continued to rise, the percentage of fuel cost doubled in 1973 alone, reducing the profit that could have been made had the entire fleet been more fuel efficient. As discussed in Section II, measures were immediately taken by the airlines in an attempt to scavenge a little more profit out of the depression. The practice remained after the crisis, and low cost carriers were particularly good at exploiting these fuel saving techniques. Nye have also characterized consumers’ response to the oil crisis as temporary, superficial and inconsequential, with “better insulation” allowing for “larger houses” and “improvements in gas mileage” made people “[drive] more.” Improved efficiency in daily life simply justified their increased consumption. In contrast, the aviation industry, whose profit was tied to energy expenditure, took the lesson as the key to their survival. The industry has since become more conscious of fuel burn when purchasing new aircrafts, and promoted alongside a series of efficiency enhancement modifications to various aspects of flying, without necessarily concerning the aircrafts’

Related Documents

  • Improved Essays

    Palestine” in 1917. Oil was another example of imperialism. It was discovered in commercial quantities in Iran, Iraq, Bahrain, Kuwait, and Saudi Arabia in the 1920’s. Later on, in the 1930’s, the United States entered the region, insisting on a share of the British oil industry, and taking exclusive control of Saudi Arabia’s oil. The United States became dependent on foreign oil in the 1970’s, but the Europeans were always dependent on oil in the Middle East. This led to the Suez Crisis in 1956, when Britain…

    • 1012 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    influencing generations of policy-makers. During the Great Depression, US President Franklin Roosevelt’s New Deal popularized Keynesianism, and Keynesian economics was embraced by many economies thereafter till the 1970s. When the world was engulfed by Stagflation due to the oil crisis, a trend of neo-liberalism based on the Washington Consensus…

    • 940 Words
    • 4 Pages
    Improved Essays
  • Brilliant Essays

    To what extent did the war in Afghanistan a catalyst to the dissolution of the Soviet Union? By: Amanda Luo Abstract The invasion of Afghanistan by Soviet forces began on December 24, 1979. The focus question of the essay asks “To what extent did the war in Afghanistan a catalyst to the dissolution of the Soviet Union?” To answer this question, the buildup of Soviet economic and social problems will be closely examined, the years preceding the Afghanistan war up to year of the…

    • 1666 Words
    • 7 Pages
    Brilliant Essays